The Equity Release Council has launched a Best Practice Guide to help advisers ensure they cover all bases when speaking to clients and documenting their needs. Access Equity Release is in the process of recruiting advisers and will have 10 in place by next month. Church Lane Thornby Important information. A key role that is central to the process of considering, evaluating and entering a contract in equity release, which is why the Financial Conduct Authority requires customers to seek advice when releasing equity from their homes. Freephone0800 802 1051. We support the FCA’s efforts to ensure all customers receive suitable advice on their options in later life. Predictions around a shift in customer age and increase in loan size, point to a move in how homeowners view their home as a financial asset much like pensions or ISAs. Moneyfacts 2020 annual assessment of the equity release market Defaqto 2020 annual assessment of the equity release market This means that if you're advising consumers on our equity release products, we have a high rating for the quality of our product features. Face to face is where advice is delivered by a qualified adviser who will travel to a customer’s home or other location of choice and discuss their needs allowing any family members to be present and involved in the decision making process. This is the place where you can register with us, log in to our portals, access and download our product information or use our helpful tools and guides. Why we have stopped supporting IE - as told by Micrsoft's Worldwide Lead for Cybersecurity. Talk to an equity release specialist or book an appointment with an equity release adviser. Is equity release for me? For more information on these options please see our Equity Release … In June the Financial Conduct Authority warned that firms must do more to ensure they always give appropriate equity release advice after a multi-firm review. Working exclusively with advisers allows us to focus on offering you the very best resources and support, so that you can focus on your clients. Equity release and later life mortgage advisers for Surrey Are you thinking about equity release, so you can free up some of the money from your property? The technical aspect of equity release appeals to me the most, so I can help with making sure the products we have fit the client needs, as well as ensuring you are up to date with our lending criteria as to get your clients the quickest resolution and not waste time. Award winning equity release advisers working in Horsham and Southwater. Predictions around a shift in customer age and increase in loan size, point to a move in how homeowners view their home as a financial asset much like pensions or ISAs. Only 42% of advisers saw growth in their equity release book during 2020, as the global pandemic took hold. Only advisers holding membership of the Equity Release Council promise to follow our stringent Statement of Principles for your added peace of mind. With Equity Release, you can at the age of 55 and over release up to 58% of the value of your home, and make no repayments until you pass away. What is Equity Release? Why 55 Plus Equity Release We’re dedicated equity release experts. They are salaried rather than working on commission, so only have your best interests at heart. Remember that Equity Release Plans are generally for the long term and should be tailored to fit your own unique circumstances using the flexible plans available from the whole of the market — only accessible by Independent Equity Release Advisers. Registered office 96 Burman Road, Shirley, Solihull B90 2BQ. Equity release can offer a solution. Equity Release Adviser is a trading style of The Right Mortgage which is authorised and regulated by the Financial Conduct Authority. Allows your client to release equity from their home and pay some or all of the monthly interest which will reduce the amount of interest that rolls up. Some retirees need more money to meet living costs, others use equity release to buy a … By September, the directors hope to double this number to 20 brokers, some of whom will offer telephone-based advice and others will be on the road to visit clients in their homes. One of our experienced equity release advisers will come to see you in the comfort of your home in Surrey. Advisers are clearly anticipating a growth in demand driven by both improved awareness of equity release and families reassessing their finances in light of the pandemic. Telephone 01483 531 025 or email info@heritageima.com. Equity Release Council, 28 July 2020 Our open and honest approach to fees and charges We believe that it is our duty as an impartial adviser acting on our customer’s best interests to be open and honest with you about the fees you will pay before you start your application – so … Registered Office: St Johns Court, 70 … From providing peace of mind with a guaranteed income that can be used either on its own or as part of a blended solution to releasing equity, we can help with your client's at-retirement solution. Equity release might seem like a good option if you … Sara McLeish, chief executive of Legal & General Financial Advice, said: “The best practice guide, alongside the recent ERC checklist, is a vital resource for advisers, helping them to provide high-quality and consistent advice to all consumers, which is in line with regulatory requirements and the Council’s additional standards. Since it’s a secured loan, it’s not necessarily the first advisable loan. Predictions around a shift in customer age and increase in loan size, point to a move in how homeowners view their home as a financial asset much like pensions or ISAs. The guide has been produced by the council’s standards board, drawing on decades of experience from expert adviser members representing a variety of firms in the market. Trusted, expert advice about equity release from Heritage Independent Mortgage Advisers All of our members have agreed to abide by the Council rules and have signed up to the Statement of Principles. The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice: www.ft.com/editorialcode. Only advisers holding membership of the Equity Release Council promise to follow our stringent Statement of Principles for your added peace of mind. The Equity Release Council has launched a Best Practice Guide to help advisers ensure they cover all bases when speaking to clients and documenting their needs. A new Checklist for Advisers was issued to adviser-members following a review by the Council’s Standards Board which was informed by conversations with major stakeholders over several months. 07 February 2020. Registered in England and Wales. The cheapest fee, doesn’t always mean the best option, thus always shop around & obtain a few quotes before deciding which brokerage to deal with. But some equity release advisers will only recommend products from a limited number of providers; others will look at the whole of the market. Only advisers holding membership of the Equity Release Council promise to follow our stringent Statement of Principles for your added peace of mind. To connect to an FCA adviser network of qualified Financial Advisers looking to find your perfect solution. Advisers should be honest with you about this loan. It also means we won’t try and sell you other services. Equity Release Council publishes best practice guide for advisers. Be honest about your financial situation and why … Can equity release help to fix the care crisis. NN6 8SN. Equity release allows homeowners to access the funds in their property so they can enjoy the retirement they deserve. Registered Office: 73, Liederbach Drive, Verwood, Dorset, BH31 6GG. Chris Pond, chairman of the standards board at the ERC, said: “As a standards-setter with almost three decades of experience, the council continuously reviews and evolves its guidance for members to promote the highest standard of consumer protection. The Mortgage Place Ltd is authorised and regulated by the Financial Conduct Authority. Be honest about your financial situation and why you’re considering a loan right now. Registered in England and Wales. A case study describing an equity release agreement that helped a couple to separate. Our Equity Release advisers can be contacted at both of our offices Camberley: 01276 670777 or Basingstoke: 01256 637000 6 days a week. All advisers recommending equity release options must have a specialist qualification. If you’d like to talk to us about equity release, there’s no one better to speak to than your local Equity … The Equity Release Council has published a Best Practice Guide to complement its checklist for advisers and support firms when discussing and documenting customer needs. But they expect the market to rebound quickly, … Trusted, expert advice about equity release from Heritage Independent Mortgage Advisers Call us now on 0333 000 2097 or email info@accessequityrelease.com. Telephone advice is where the advice is provided primarily over the telephone by a qualified adviser and is supported by an appropriate call centre for the purpose, with call recording, data storage and appropriate monitoring procedures in place. To release equity you need to have an equity release product recommended to you by a qualified adviser who has considered your unique circumstances. They are salaried rather than working on commission, so only have your best interests at heart. It follows a review of the council’s rules and guidance to confirm their accordance with the regulator’s position, and comes after the council recently expanded its checklist for advisers. Equity Release Council All equity release advisers must abide by the Equity Release Council Code of Conduct which incorporates five set principles. The Equity Release Council (the Council) has launched a Best Practice Guide to complement its Checklist for Advisers and support firms when discussing and documenting customer needs. There are two models, face to face and telephone advice, both aimed at protecting … The Equity Release Advisers is a Trading Style of The Mortgage Place Ltd. Almost three-quarters of advisers expect the value of the equity release market to grow next year driven by younger customers and an appetite … Equity Release Calculator Find out how much equity you could release from your property by using our Equity Release Calculator. Equity release is becoming more and more popular in later-life planning. What options can borrowers get with drawdown products? Scroll to top. What do you think about the issues raised by this story? In its review of case files the FCA said it found a number that contained “standard generic text” to justify why customers did not want to consider alternatives to equity release. Equity Release Market Tipped for Major Growth in 2021 . Our Choice of Equity Release Products Hodge is committed to delivering flexible options to your customers and, with this in mind, we offer several different versions of our equity release mortgage to suit each client’s circumstances. The Equity Release Council is urging to advisers to ‘respectfully and robustly’ challenge clients’ motivations when looking for lending solutions in its new Best Practice Guide, published today. The Equity Release Council is the industry body for the UK equity release sector; representing the providers, qualified financial advisers, solicitors, intermediaries. If you’d like to talk to us about equity release, there’s no one better to speak to than your local Equity Release Supermarket adviser. Equity Release Advice From Michael Usher Mortgage Services We provide Equity Release advice to customers from our two offices in Frimley and Basingstoke . For TextDirect, first dial 18001 . Equity release advisers do charge an advice fee to cover their costs which can vary significantly. Find your adviser. Mr Pond added: “Our standards are based on extensive consultations with members and input from external parties, including the regulator. Welcome to OneFamily Adviser. The Equity Release Council (the Council) has launched a Best Practice Guide for advisers to complement its Checklist and support firms when discussing and documenting customer needs. Our Choice of Equity Release Products Hodge is committed to delivering flexible options to your customers and, with this in mind, we offer several different versions of our equity release mortgage to suit each client’s circumstances. Premier Equity Release Club is a trading style of Perrett ERC Ltd. Adviser members must now complete an extended checklist, which has been increased from 12 to 24 points. Enter your postcode: Postcode. Independent brokers and financial advisers across the country are projecting a successful year ahead for the equity release market. Its concerns centred around the personalisation of advice, challenging customer assumptions and evidence of the suitability of advice - all of which were found to be lacking. Equity release is an option that can alleviate the financial shortfall, tailored to your individual needs thanks to a range of products and with peace of mind of a ‘no negative equity’ guarantee for all products approved by the Equity Release Council. Please check with the individual firm. Calls may be … Call our Equity Release Desk on 0800 028 8974 or email us at [email protected] and we’ll be happy to help. A. The Mortgage Place Ltd is authorised and regulated by the Financial Conduct Authority. The Equity Release Council has published a ‘best practice’ guide for advisers to ensure consumers receive a quality service and that case files capture sufficient details. However, if your specific situation calls for equity release, the adviser will recommend it to you. Investment in technology is a big part of this support, which is why we equip you with tools never seen before in the equity release market – like our pioneering tools and fastpath adviser portal. © The Financial Times Ltd 2020 "FT", "Financial Times" and "FTAdviser" are trademarks of The Financial Times Limited and their associated companies. The Equity Release Council has published a ‘best practice’ guide for advisers to ensure consumers receive a quality service and that case files capture sufficient details. Meet your local adviser. You can either borrow against the value of your home or sell all or part of it in exchange for a lump sum or a regular monthly income. Company number 11699580 Website Development by Kaya Media. 6 February 2020: Following a significant period of active recruitment, Key - the UK’s largest equity release adviser – is delighted to announce that it has 97 advisers working under its whole of market brand (The Equity Release Experts) taking the total number of advisers to over 180. Simply enter your postcode in the box below and click ‘Find your adviser’ to meet all the Equity Release Supermarket advisers that serve your local area. Taking out an equity release product is a complicated decision with lots of factors to take into account, so you should take financial advice from an independent financial adviser. Our advisers are qualified specialists and have years of experience in equity release. The Equity Release Advisers is a Trading Style of The Mortgage Place Ltd. All Rights Reserved. Equity Release Advisers Celtic Financial are experienced and qualified equity release specialists, which means we can provide you with independent financial advice on the best way to release equity from your home if that is a suitable option. Talk to an equity release specialist or book an appointment with an equity release adviser. A key role that is central to the process of considering, evaluating and entering a contract in equity release, which is why the Financial Conduct Authority requires customers to seek advice when releasing equity from their homes. December 30th, 2020 . Find an Adviser. How has lending on equity release changed? This website uses cookies to improve your experience. The detailed guide has been produced by the Council’s Standards Board, drawing on decades of experience from expert adviser members representing a variety of firms in the market. In the guide extra focus is put on customers who may be vulnerable such as having physical or mental health issues, bereavement, … The Equity Release Council has published a Best Practice Guide to complement its checklist for advisers and support firms when discussing and documenting customer needs. An expert adviser, close to home. E quity release is a valuable tool that can help you free up cash from your home in retirement. Our Home Finance options allow you to release a cash lump sum from your main residence, Buy-to-Let property or second home and the money you release is tax-free. Our advisers are qualified specialists and have years of experience in equity release. Equity release specialists covering Corby, Peterborough, Northampton, Cambridge and London. 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